Bitcoin Forum
November 01, 2024, 01:35:32 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1] 2 »  All
  Print  
Author Topic: Curious about the motivation  (Read 1241 times)
wangxinxi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


Founder & CEO of Coinut.com, Litecoin Core Dev


View Profile WWW
November 19, 2014, 09:06:38 AM
 #1

Are you guys gambling for excitement or profit? I am very curious about the motivation because almost everybody knows that most gamblers lose money, but many of them still gamble.

Another thing that I feel very strange is that many people think trading stocks/options is just the same as gambling. The funny thing is that even my parter also believes so, and it's very difficult for me to convince him that the two are very different.
rivoke
Legendary
*
Offline Offline

Activity: 924
Merit: 1006


View Profile
November 19, 2014, 09:10:05 AM
 #2

I stopped gambling but when i did it was for profit, luckily i realized that its a waste of time so i stopped
wangxinxi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


Founder & CEO of Coinut.com, Litecoin Core Dev


View Profile WWW
November 19, 2014, 09:14:23 AM
 #3

I stopped gambling but when i did it was for profit, luckily i realized that its a waste of time so i stopped

So you are quite a rational man.  Smiley
Tschai
Sr. Member
****
Offline Offline

Activity: 315
Merit: 250



View Profile
November 19, 2014, 09:15:08 AM
 #4

It's alos fun...if you gamble with some specific budget and can stop whenever you want.
 Roll Eyes

Also you can gamble 'professionally'...for example for reviewing purposes...
 Wink
wangxinxi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


Founder & CEO of Coinut.com, Litecoin Core Dev


View Profile WWW
November 19, 2014, 09:28:44 AM
 #5

It's alos fun...if you gamble with some specific budget and can stop whenever you want.
 Roll Eyes

Also you can gamble 'professionally'...for example for reviewing purposes...
 Wink

I know some casino games can be beaten by using some probability analysis. But that's just too difficult, and if you can consistently make money with that, you are probably smart enough to make money in the financial market as well.
rogerdonkey
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
November 19, 2014, 09:36:28 AM
 #6

It's alos fun...if you gamble with some specific budget and can stop whenever you want.
 Roll Eyes

Also you can gamble 'professionally'...for example for reviewing purposes...
 Wink

I know some casino games can be beaten by using some probability analysis. But that's just too difficult, and if you can consistently make money with that, you are probably smart enough to make money in the financial market as well.


do you mean sportsbook maybe, casino cant play use analysis.

wangxinxi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


Founder & CEO of Coinut.com, Litecoin Core Dev


View Profile WWW
November 19, 2014, 09:38:15 AM
 #7

do you mean sportsbook maybe, casino cant play use analysis.

Yah, casino doesn't allow players to do any analysis. But some really smart guys just can fly under the radar.
Snail2
Legendary
*
Offline Offline

Activity: 1512
Merit: 1000



View Profile
November 19, 2014, 09:45:11 AM
 #8

I'm not gambling very often but when I do, I'm doing it only for fun.
waterpile
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
November 19, 2014, 10:58:19 AM
 #9

gambling is good for the heart and i do it for profit and fun.
abrahamlitcoin
Member
**
Offline Offline

Activity: 81
Merit: 10

♔ of ♥


View Profile
November 19, 2014, 11:28:06 AM
 #10

Of course its bitcoin.

Getting more bitcoin and having fun.

BAGOBO
Legendary
*
Offline Offline

Activity: 1163
Merit: 1005


View Profile
November 19, 2014, 12:28:26 PM
 #11

Are you guys gambling for excitement or profit? I am very curious about the motivation because almost everybody knows that most gamblers lose money, but many of them still gamble.

Another thing that I feel very strange is that many people think trading stocks/options is just the same as gambling. The funny thing is that even my parter also believes so, and it's very difficult for me to convince him that the two are very different.

Yes, I do agree with you.
But every people has different attitude.

For me gambling is just for fun, so I never bet with a huge amount  Tongue


I think Gamble & trading are different !

Gamble,
your luck is depend on your seed or secret key against the house

Trading,
your luck is depend on how much transaction that will affect the price.
If you buy cheap sell high, you gain profit.
The hardest part is the price are unpredictable
cheekychap
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
November 19, 2014, 06:22:16 PM
 #12

Are you guys gambling for excitement or profit? I am very curious about the motivation because almost everybody knows that most gamblers lose money, but many of them still gamble.

Another thing that I feel very strange is that many people think trading stocks/options is just the same as gambling. The funny thing is that even my parter also believes so, and it's very difficult for me to convince him that the two are very different.

Well its for excitement and profit. Everytime, I gamble I am excited, that I will win some money today Smiley But the end result is mostly different.

unamis76
Legendary
*
Offline Offline

Activity: 1512
Merit: 1012


View Profile
November 19, 2014, 07:41:25 PM
 #13

For fun only, no profit in gambling... I only use some spare change from time to time to gamble Smiley
MemoryShock
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
November 20, 2014, 02:12:08 AM
 #14

It's definitely for the fun of it.

I used to work as a BlackJack dealer and while there was a consistent flow of people you would see on a daily/weekly basis (read - there to make money) most of the people there are there for the excitement of it.

I imagine that it is probably different for BTC gamblers and to be honest I have only tried a couple of games myself.  Losing a little bit of BTC, for me, is much worse than dropping $200 on a night of BlackJack.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
  I/O DIGITAL
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
iodigital.io & iocoin.io

█████████████████
███████████████████
████████▌████████▐████
███████████████████████
████████████████████████
█████▌██████████████▐███
█████▌██████████████▐███
█████▌██████████████▐███
████████████████████████
███████████████████████
████████▌████████▐████
███████████████████
█████████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
Farmer17
Hero Member
*****
Offline Offline

Activity: 674
Merit: 500



View Profile
November 20, 2014, 07:56:54 AM
 #15

I am always gambling for fun with just my spare money, but ofc winning is better than losing.

asdlolciterquit
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 565


View Profile
November 20, 2014, 08:53:18 AM
 #16

Are you guys gambling for excitement or profit? I am very curious about the motivation because almost everybody knows that most gamblers lose money, but many of them still gamble.

Another thing that I feel very strange is that many people think trading stocks/options is just the same as gambling. The funny thing is that even my parter also believes so, and it's very difficult for me to convince him that the two are very different.

the few times i've played, i did it for profit. Yes, it's fun and exciting, but if you don't look at the profit you could risk too much money
galbros
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


View Profile
November 20, 2014, 10:07:42 AM
 #17

If you are gambling for profit you are making a mistake because you are engaging in a negative expected value activity.  This is not to say some people don't gamble and win, many obviously do, but you can't rationally expect to.

I like to gamble but hate engaging in negative EV activity.  This is why I like bitcoin so much, it allows me to gamble literally microscopic amounts of money.  So I get the fun of gambling without it really costing me anything.  It's just one step above playing with play money, but it's not play money.

This is also why I like sites that allow investment like Just-Dice did.  You get the excitement of gambling - "gamble on every roll!" - but WITH math working for you rather than against you.  Of course, you are also making a tacit side bet on the integrity of the site operator.....

Good Luck!
fullhouse
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
November 20, 2014, 10:37:11 AM
 #18

I stopped gambling but when i did it was for profit, luckily i realized that its a waste of time so i stopped
i agree with you , i am also stop now.

Ionchamp
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
November 20, 2014, 10:46:49 AM
 #19

The only motivation that I can give is that I love Bitcoin. Smiley
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
November 20, 2014, 02:34:31 PM
 #20

Gambling for entertainment is the only reason anyone should gamble. Gambling for profit can work in short bursts but it will never be sustainable.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!